News Release

Enterprise Acquires Additional Interest in Dixie Pipeline Company

HOUSTON--(BUSINESS WIRE)--Oct. 9, 2000--Enterprise Products
Partners L.P. (NYSE:EPD) today announced that one of its wholly owned
subsidiaries has completed the purchase of an additional 8.38%
ownership interest in the Dixie Pipeline Company from an affiliate of
Conoco Inc. (NYSE:COCA)(NYSE:COCB). Enterprise and its subsidiaries
now own approximately 20% of Dixie Pipeline Company. The price of the
acquisition was not disclosed.

Dixie Pipeline Company owns Dixie Pipeline, which is a major
propane pipeline that transports propane from natural gas liquid (NGL)
fractionators and refineries in Texas, Louisiana and Mississippi, to
customers throughout the southeastern United States. The pipeline
extends approximately 1,100 miles from Mont Belvieu, Texas, to near
Raleigh, N.C. The pipeline includes a 204-mile lateral into Georgia.

"Enterprise is a major shipper on Dixie Pipeline and we are
pleased to increase our ownership interest in this attractive pipeline
asset. This purchase is consistent with our objective to grow our
portfolio of fee-based assets in the natural gas and NGL value chain,"
said O.S. "Dub" Andras, president and chief executive officer of the
general partner of Enterprise Products Partners L.P.

"Conoco has enjoyed its many years of affiliation with Dixie and
will continue its role as a major shipper and marketer of propane for
our customers in the southeastern U.S. on the Dixie system," noted
Mike Johnson, vice president and general manager, Natural Gas & Gas
Products, Conoco Inc. "The proceeds from the transaction will be
deployed into more strategic and core assets as part of our ongoing
portfolio optimization effort."

Enterprise Products Partners L.P. is the second largest publicly
traded, midstream energy partnership with an enterprise value of
approximately $2.6 billion. Enterprise is a leading integrated
provider of processing, fractionation, storage, transportation and
import/export terminalling services to producers and consumers of
natural gas liquids ("NGLs") and other liquid hydrocarbons. The
company's assets are geographically focused on the United States' Gulf
Coast, which accounts for approximately 55 percent of domestic NGL
production and 75 percent of domestic NGL demand.

Conoco is a major, integrated energy company active in more than
40 countries.

This press release includes forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 based on
the beliefs of the company, as well as assumptions made by, and
information currently available to, management. Although Enterprise
believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to be correct.